Digital Gold — Ways and features of making money on gold

How to make money on gold and how profitable is it? There are many ways, some are more beneficial, some less. But in order to make a profit, you need to not only invest and wait. It is necessary to study market trends and place your bets correctly.

6 min readFeb 27, 2021

What type of investment should you choose?

There are many ways to invest in gold. If you put them together, then it will look like this. How to make money on gold? Gold bank bars. You need to make a decision in what perspective you want to make a profit and what risks you agree to bear. There are quick ways that can bring instant profits, and they come with high risks. These are, for example, gold options. An option is an instrument that gives permission to buy or sell an asset.

In order to buy options, you need to conclude a contract with a broker and enter the stock exchange. Options contracts will rise in price when gold appreciates and can be sold at a good premium. This risk is high, but manageable.

Wait, it is best to entrust money to real gold or compulsory medical insurance.

The choice of an investment object is only the first step. Next, you need to study the market situation. Check out the forecasts and analytics from different authors. See whose predictions come true most often. This is necessary not only in order to have an idea of \ u200b \ u200bthe idea of exchange rate fluctuations, but also in order to have an idea of how to use them, to predict.

It is necessary to buy when the price of gold reaches the lowest point, and sell at the maximum value. Before buying anything, it is best to observe the market situation with your own eyes for at least a few weeks. At this time, you can try to guess the patterns of its rise and fall.

So, you’ve made your first purchase, what to do next, how to make money on gold? Here it is necessary to establish a profit marginal threshold at which you will sell your asset, regardless of the conditions that further develop in the market. While the value of gold rises in the long term, dips are also common. Therefore, it is very important to set a goal and not be greedy when achieving it. This is one of the conditions so as not to lose your savings.

Types of deposits in gold

If you decide to invest in gold, that’s half the battle. As already mentioned, it is necessary to choose the appropriate method. Let’s describe the main ones:

Buying ingots is the most common way. This can be done at any bank by drawing up an agreement. However, this method of investment is one of the names of the most profitable because of the difference in the purchase of bullion and the need to pay taxes. In order to pick up the bars from the bank, you will need to pay 10% of the value of the bar on top of that. So this method is only for the long term.

2. Another use for investing is buying gold coins. The issuance of such coins is carried out by credit institutions. If about investment coins, then they have no collectible value and are issued in small quantities. Banks usually buy back such coins at a reduced rate; and to make money on them, you must also wait a long time, the change in the gold rate must be significant.

3. The purchase of OMS is one of the best options for making money. The buyer buys not bars, but grams of gold, and since payment is made for grams, there is no need to pay taxes. This investment allows you to make a profit in the shorter term, almost immediately after the price of gold rises.

4. But another type of coins — collectible — is no longer so strongly dependent on the price of gold. Investing in them is also a good way to make money. Moreover, collectible coins rarely fall in value. But there are pitfalls here: in order not to overpay for them initially, you need to understand collecting and determine the cost of such things by eye.

5. Another way, the most modern one, is investing in special gold funds. At the sight of earnings, trading is not held with real gold, the so-called gold shares.

Anyone who is going to make money on gold should be warned. Any such product includes the cost of manufacturing, wrapping, insurance, and so on. When you sell a piece of jewelry, you are actually selling a used item, albeit made of precious metal. Therefore, the price will be. And liquidity is a low price: it will not be easy to sell such a piece of jewelry, and the pawnshop will be understated.

6. Digital Gold is a blockchain-based project designed to encourage the digitalization of financial markets and their various investment vehicles. He hopes to achieve this by allowing users to purchase coverage in physical gold with the ERC-20 Ethereum-based GOLD token.

What is the solution for securing liquidity with digital gold tokens?

As noted, liquidity is a very serious problem for day-to-day operations. Gold is no exception to this rule, however physical gold is not extremely liquid in excessive quantities due to a number of tax issues and restrictions on bank card transactions. Meanwhile, digital gold tokens have solved this problem on the blockchain network.

Virtual gold is 100% subsidized by flesh gold. The amount of physical gold stored can be matched against the total token range in real time. The digital gold token uses a section called the nearest market that can be converted into cash any time of the day or night with the help of the Atrium community.

He solved travel and other similar problems so that you can buy gold online anywhere in the world.

Digital gold is stored in your digital wallet and you just need to turn it into a laptop or mobile phone and hand it over.

Using Digital Gold technology, customers purchase virtual gold that is processed using secure technology and stored in cold, offline, digital and multi-signature wallets. In a large company Digital Gold, you can buy gold even for small amounts, so it gives more or less the opportunity to invest and buy digital currency.

Conclusion

The method is very simple: store 1–2 dollars every day, and with this money you buy several Digital Gold tokens. After 10 years, you will see extraordinary effects. I will also post links to contact the Digital Gold mission in which I advise everyone to use the hyperlinks below and check out the Digital Gold challenge.

Website: https://gold.storage/home
Whitepaper: https://gold.storage/wp.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5161544
Telegram: https://t.me/digitalgoldcoin
FACEBOOK: https://www.facebook.com/golderc20
TWITTER: https://twitter.com/gold_erc20

═════════════★ Author ★═════════════════════